Xpansiv and KRX to Collaborate on Korean Carbon Credit Market Launch
NEW YORK, LONDON, SYDNEY, and BUSAN, KOREA — Xpansiv, the leading infrastructure provider for the global energy transition markets, and the Korea Exchange (“KRX”), announce they have executed a Memorandum of Understanding formalizing their strategic collaboration to support the launch of the KRX Carbon Credit Market in Korea. The collaboration between both companies is designed to support KRX’s market for voluntary carbon credits used in corporate emissions programs, Article 6 markets established in the Paris Agreement, and compliance programs, including the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
To strengthen its environmental markets business, KRX plans to link its KRX Carbon Credit Market with Xpansiv’s CBL which is the largest carbon credit spot exchange. This will enable the KRX Carbon Credit Market to launch with an order book supported by hundreds of active market participants and attract order flow from overseas institutions, to drive transparent price discovery and liquidity formation on the market.
“Korea Exchange, which operates one of the world’s largest compliance carbon markets, aims to foster Asia’s leading carbon market. In this process, we expect to explore opportunities for cooperation with Xpansiv, which operates a global carbon credit market, across various dimensions,” said Korea Exchange Chairman and CEO Eun-bo Jeong.
“We are pleased to advance the collaboration between KRX and ourselves to create more connected global markets,” said John Melby, CEO, Xpansiv. “We look forward to working with the exchange to develop the KRX Carbon Credit Market, which will provide robust market mechanisms to enable stakeholders to reach their critical energy transition goals.”
On September 16, 2025, Xpansiv and KRX held a signing ceremony in New York City to kick off the partnership. Photographs of the ceremony are available from KRX and Xpansiv.
About Xpansiv
Xpansiv operates the technology infrastructure to accelerate the world’s energy transition. The company runs the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates. It is the premier provider of registry infrastructure for energy, power, and environmental markets. It also operates the largest independent platform for managing and selling solar renewable energy credits in North America.
It also runs Xpansiv Connect™, the leading multi-registry, multi-asset environmental portfolio management system, as well as a premier market data service for the environmental and energy commodities markets. The company is a leading provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets through its Evolution Markets and Carbon Financial Services units.
Xpansiv’s rules-based markets and infrastructure enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance.
Company investors include Blackstone Group, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation.
For more information, please visit https://xpansiv.com.
About Korea Exchange
Korea Exchange (KRX) is the sole financial exchange operator in Korea, providing the core market infrastructure that supports the country’s capital markets. The exchange facilitates trading across multiple asset classes, including equities, derivatives, bonds, ETPs, and commodities, serving as a critical hub for both domestic and international investors. KRX also operates central counterparty services, Korea Securities Depository, and KOSCOM, delivering comprehensive clearing, settlement, depository, and IT services.
KRX is a key player in environmental markets, operating the platform for Korea Emissions Trading System (K-ETS), one of the largest compliance carbon markets in the world. As the exclusive auctioning and secondary trading venue for emissions allowances in Korea, KRX brings together corporations, financial institutions, and public entities to ensure efficient price discovery, market stability, and compliance with national climate policies. Leveraging its expertise in multi-asset trading and risk management infrastructure, KRX supports the transition to a low-carbon economy.
KRX is home to South Korea’s flagship benchmarks, including the KOSPI and KOSDAQ indices, which serve as key reference points for portfolio allocation and index-linked products. Its derivatives market, anchored by the KOSPI 200 futures and options, the Korea Treasury Bond futures, and the USD futures, is consistently ranked among the largest in the world.
For more information, please visit https://global.krx.co.kr.
Media Contacts:
Xpansiv: pr@xpansiv.com
Korea Exchange: yjchang@krx.co.kr
